.Representative ImageNew Delhi: Bikaji Foods has obtained a 55 per-cent risk in Ujjain-based snacks and frozen meals business Ariba Foods for Rs 60.49 crore, it claimed in a news release on Friday. The Expenditure will allow Bikaji to enhance its icy food manufacturing capabilities as well as broaden its market presence, it pointed out." This critical move certainly not simply enhances our ability for export growth yet additionally assists our entry in to the QSR section. By including Ariba's state-of-the-art creation abilities, our experts aim to boost our icy treats and also savouries manufacturing," claimed Deepak Agarwal, MD, Bikaji Foods International. Ariba Foods makes as well as offers a range of snack foods and also frozen meals such as samosas, naans, parathas, and also sweets under the InDine brand name. The firm also supplies arrangement production services. Gaurav Baheti, Marketer of Ariba Foods commented, "This acquisition denotes a thrilling milestone for Ariba Foods. Along with our state-of-the-art creation centers and also export experience, our company are well-positioned to fulfill Bikaji's manufacturing demands. Our strategic place and state-of-the-art production abilities will certainly allow our team to steer notable development in the icy food classification with each other." Intensive Softshare acted as the syndicator and also expert for the offer.
Released On Aug 23, 2024 at 02:25 PM IST.
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